20% is certainly the figure mentioned in the ASIC documents related to general takeover threshold.
Not sure how that relates to a bank being the entity.
Did they sell them to themselves (from companies they already own)?
I’m not legally trained, so the language in that announcement will need to be explained.
Ann: Change in substantial holding, page-4
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40.0¢ |
Change
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Mkt cap ! $581.0M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 39.5¢ | $1.576M | 3.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2506 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 8079 | 1 |
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| IMM (ASX) Chart |